People are Too Big To Fail

In a post reviewing President Obama’s new economic proposals, Ezra Klein also goes after the idea that the Obama administraiton is somehow “anti-business”.  He sums it up this way:

The various stimulus measures have been designed to directly support businesses or indirectly support the people who those businesses rely on.

It’s just a variation on the theme of Too Big To Fail – the idea that if we only support companies (especially large ones), we’ll all turn out okay.

Some TBTF might be needed in special circumstances, but how about emphasizing actual, individual humans as being Too Big To Fail for once?

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